604 Meadowbrook Dr #604Mays LandingNJ08330
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Mays Landing at 604 Meadowbrook Dr #604, Mays Landing, NJ, 08330 generates $1,346/mo in rent and, after a $851/mo payment, leaves $107/mo in cash flow. Total monthly income is $1,346/mo, and annual cash flow is $1,279/yr on $57,648 invested. Return on cash invested sits at 22.13% in year one, and rental yield is 9.29% on a $173,900 entry. Equity gained on principal adds $1,122/yr, while 5% annual appreciation builds toward $48,045 over five years. Five-year ROI reaches 116% and total cumulative return in cash sums $66,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,346/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08330, Mays Landing, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,619 (68.5%) |
| Renter Occupied HU | 3,374 (26.8%) |
| Vacant Housing Units | 593 ( 4.7%) |
| Median Home Value | $310,164 |
| Average Home Value | $340,602 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,375
Multi-Family
72
Businesses
640
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Listed by: JAMES BOYLE JR • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls ID: #602946